Ijust cleaned up this mess is a manufacturer of cleaning products. during the period just ended, $62,400 in direct materials were purchased. all of the direct materials purchased were used in production. the direct material price variance for the period was $4,800 unfavorable; the total direct material variance was $14,400 unfavorable. the cost of direct material was expected to be $6 per pound. 3,800 actual direct labor hours were logged during production. the direct labor cost was expected to be $16 per unit of product. additional information related to direct labor is as follows: standard direct labor rate $8 per direct labor hour direct labor efficiency variance $1,600 favorable total direct labor variance $680 unfavorable

Alamar petroleum company offers its employees the option of contributing retirement funds up to 5% of their wages or salaries, with the contribution being matched by alamar. the company also pays 80% of medical and life insurance premiums. deductions relating to these plans and other payroll information for the first biweekly payroll period of february are listed as follows: wages and salaries $ 2,800,000 employee contribution to voluntary retirement plan 92,000 medical insurance premiums 50,000 life insurance premiums 9,800 federal income taxes to be withheld 480,000 local income taxes to be withheld 61,000 payroll taxes: federal unemployment tax rate 0.60 % state unemployment tax rate (after futa deduction) 5.40 % social security tax rate 6.20 % medicare tax rate 1.45 % required: prepare the appropriate journal entries to record salaries and wages expense and payroll tax expense for the biweekly pay period. assume that no employee's cumulative wages exceed the relevant wage bases for social security, and that all employees' cumulative wages do exceed the relevant unemployment wage bases.